Calculate the total cost of ordering and carrying clay pots, Operation Management

Assignment Help:

1. Garden Variety Flower Shop uses 1000 clay pots a month. The pots are purchased at $3 each. Annual carrying costs per pot are estimated to be 25% of cost, and ordering costs are $25 per order.
a. Determine the economic order quantity.
b. Compute the total cost of ordering and carrying clay pots.
c. If the manager has been using an order size of 2,000 pots, how much can be saved per year by improving the inventory policy?


Related Discussions:- Calculate the total cost of ordering and carrying clay pots

Explain importance of strategic management, In light of the various theorie...

In light of the various theories of Strategic Management and Competition touched on in this course (e.g., the Resource Model of the Firm, internal/external analysis, SWOT, Value Ch

What do you think joe thomas must do about this matter?, What do you think ...

What do you think Joe Thomas should do about this matter?

Describe management of telecommuters, All of the following are negative abo...

All of the following are negative about telecommunication except/1. Technical difficult with computer linkage/2.islotion from co-worker/3.decrease identification with work team/4.m

Describe contract type selected was incorrect, This case study will be disc...

This case study will be discussed and reviewed in the Case Study discussion question for the week. Post your responses to the questions at the end in the Case Study discussion ques

Explain business relationship, Joan has been a manager with Argos for the p...

Joan has been a manager with Argos for the past 15 years. She is known to be aggressive and tough and always gets results. She is demanding of her employees and is often brusque wi

Why jit is a broad philosophy that pursues three main goals, 1. Identify an...

1. Identify and describe the three zones associated with buffers. Explain your answer in detail. 2. JIT is a broad philosophy that pursues three main goals. What are they? Expla

Explain the major risk factors of the disease, Select one chronic disease s...

Select one chronic disease such as diabetes or heart disease. Assume that you are working for a county public health department with staff nurses and physicians. You want to run a

Rules related to the use the human body, Rules Related to the  use  the ...

Rules Related to the  use  the Human  Body: R elated to the  use  the Human  Body : a.   The two  hands should  beings  as well as  complete their  motions  at the same

Explain hertzberg''s dual factor theory of motivation, According to Hertzbe...

According to Hertzberg's dual factor theory of motivation, one set of factors is known as Hygiene factors.

Explain impacted financially should a consumer lawsuit, Numerous laws that ...

Numerous laws that are enacted to protect consumers have been passed and business leaders have evolved to reflect this focus on consumer safety. Select one of the laws in Appendix

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd